Lockheed Martin Corporation $LMT Shares Purchased by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,277 shares of the aerospace company’s stock after acquiring an additional 966 shares during the period. Lockheed Martin comprises about 1.1% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 23rd largest holding. Ironwood Investment Counsel LLC’s holdings in Lockheed Martin were worth $7,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management increased its stake in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV boosted its stake in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares during the period. Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Lockheed Martin by 2.0% during the first quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock valued at $535,000 after acquiring an additional 23 shares during the period. Finally, Davis Investment Partners LLC boosted its stake in Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Lockheed Martin Trading Up 1.1%

LMT opened at $457.02 on Wednesday. The stock has a market cap of $105.75 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The company has a fifty day moving average of $484.01 and a 200-day moving average of $467.33. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s payout ratio is presently 77.05%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LMT shares. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Vertical Research restated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. UBS Group dropped their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Truist Financial upped their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.